Apollo Pharmacy at T3….Importance of Minimum levels inventory
Imagine you are at an airport, miles away from the city, and you urgently need basic medicine for a sudden headache or an upset stomach. You rush to a pharmacy and found that the essential drugs are out of stock. How would you feel? Frustrated, certainly.
This simple scenario highlights a critical business principle: Perfection is non-negotiable for essential needs.
For a manufacturing unit, the maintenance department is exactly like that airport pharmacy. When a machine breaks down, you need a critical spare part—a specific oil, a ball bearing, or a component—right now. If your maintenance store fails to provide it, the entire production line stops. This is the ultimate cost of poor Maintenance Inventory Management.
Value/Necessity The criticality of safety stock in inventory management.
Strategic Role The strategic necessity of maintaining buffer inventory.
Goal/Impact Why reorder points are essential for supply chain continuity.
Concept The significance of stock-out prevention (SOP).
Operational Focus The vital role of threshold stock levels in avoiding disruption.
The Power of the Re-Order Level (ROL)
The first crucial lesson we learn is the necessity of a systematic Re-Order Level (ROL). Just as pharmacies keep stock based on typical flow and usage, your factory must do the same.
In the fast-paced MSME sector, you simply cannot afford to have inventory that is either excessive (leading to blocked capital) or short (leading to production halts).
Finsys ERP helps you maintain a ‘logical’ stock by calculating ROL based on reliable data:
By relying on Finsys’s data-driven inventory module, you transition from guesswork to precision, ensuring spare parts are available exactly when needed. This drastically minimises expensive downtime.
Establishing a Systematic & Accountable Process
A systematic process ensures that even if the item is in stock, you know exactly where it is and who is responsible for it.
Key Steps for a System-Driven Maintenance Store:
- QR Code Integration: Use QR codes to tag and track every spare part. This eliminates the chaos of staff searching for items and ensures instant location and retrieval. Remember: If you have the stock but don’t know the shelf location, it’s as good as being out of stock.
- Tracking Every Transaction is Vital: Many companies make the mistake of immediately issuing all parts to the maintenance department upon purchase. This leads to a total loss of visibility on what inventory they actually possess.
- Treat Maintenance Store as a Sub-Store: Finsys ERP allows you to create a separate Maintenance Store. All the standard material handling processes must apply here too:
-
-
P.O. (Purchase Order)
-
Gate Entry
-
M.R.R. (Material Receipt Note)
-
Q.C. (Quality Check)
-
Just like your Production Store personnel, your Maintenance Store personnel must be fully accountable for the inventory they hold. The stock should remain in their digital inventory until it is actually consumed by the factory.
Elevate Your Factory’s Reliability
The world is becoming more systematic. To remain competitive, your factory must also function systematically. The lesson from the airport is clear: systematic operation is the foundation of reliability.
Finsys ERP empowers your maintenance department to move from being a “firefighting unit” to a reliable, profit-saving unit.
Don’t let costly machine downtime slow down your growth. Implement Finsys ERP Maintenance Module today and bring the Pharmacy’s systematic efficiency to your factory floor.
Watch our Video for better understanding.
https://youtube.com/shorts/2ozHL0ARcsw?si=c8H7ZlGlrPYcnZ2S
Follow our YouTube channel for more such Informative videos
https://www.youtube.com/@SangeetGuptaFinsysERPSoftware